100 episodes

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

The Elephant In The Room Property Podcast | Inside Australian Real Estate Veronica Morgan & Chris Bates

    • Business
    • 5.0 • 2 Ratings

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

    Stamp Duty vs. Land Tax: What are the Implications for FHBs?

    Stamp Duty vs. Land Tax: What are the Implications for FHBs?

    The NSW Government has just passed a legislation allowing first homebuyers the opportunity to choose…

    Should property purchasers save up another 5% on top of their deposit for stamp duty?

    Or commit to an annual land tax bill of a much smaller amount?

    In this episode of The Elephant in the Room, Chris and Veronica discuss what the NSW legislation really means for first homebuyers. Should they pay their stamp duty or land tax? What are the pros and cons of both options?

    If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

    See you in the episode!

     

    Episode Highlights:


    New South Wales’ new tax legislation [1:06]
    Stamp duty versus land tax: how are they calculated [04:00]
    How will this impact investors [12:34]
    Veronica’s Property Dumbo [16:33]
    The impact on borrowing capacity [21:36]
    Three groups of buyers impacted by interest rate rises [25:09]
    Focusing on quality assets rather than panic buying [30:35]
    Making the right choice [35:04]

     

    Connect with Us:


    Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
    Work with Veronica: https://linktr.ee/veronicamorgan
    Looking for a Mortgage Broker? www.wealthful.com.au
    Work with Chris: hello@wealthful.com.au 
    Send in your questions to: questions@theelephantintheroom.com.au 

     

    Find this episode on our website:

    https://www.theelephantintheroom.com.au/podcasts/255

     

    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!
    See omnystudio.com/listener for privacy information.

    • 42 min
    Listener Q&A | Top Questions from Property Investors and Homebuyers

    Listener Q&A | Top Questions from Property Investors and Homebuyers

    Property investment is a high-risk venture that even the most seasoned investors remain on the lookout for new learning opportunities. 

    Wherever you are in your investment journey, it is essential that you prepare and become adaptable to market changes.

    In today’s episode, we will be answering some of the most common questions we receive from investors and homebuyers.

    We tackle concerns about risk management in property investing, the pros and cons of buying a family compound, buying a high-return property on a low income, avoiding fad design trends, and more!

    If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

    See you in the episode!

     

    Episode Highlights:


    Using equity to borrow-invest a million dollars [01:02]
    How can low income families start investing in property [11:20]
    Understanding the role of real estate agents [15:53]
    Fad design trends vs timeless designs [17:53]
    Problems with long-term property plans [24:11]
    Potential opportunity costs [29:19]
    The risks of family consortium [32:56]
    Roof gutter downpipes as flood preparation [42:03]
    Buyer’s agents to get a competitive market advantage [46:59]

     

    Connect with Us:


    Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
    Work with Veronica: https://linktr.ee/veronicamorgan
    Looking for a Mortgage Broker? www.wealthful.com.au
    Work with Chris: hello@wealthful.com.au 
    Send in your questions to: questions@theelephantintheroom.com.au 

     

    Find this episode on our website:

    https://www.theelephantintheroom.com.au/podcasts/254

     

    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!
    See omnystudio.com/listener for privacy information.

    • 56 min
    Should We Be Worried About the Australian Economy? | Carlos Cacho, Jarden Australia

    Should We Be Worried About the Australian Economy? | Carlos Cacho, Jarden Australia

    Inflation, rising cost of living and interest rates…

    Signs of a global looming recession have never been more palpable.

    As a result, many Australians question: amid all this negativity, where are we heading to?

    In this episode, Chief Economist at Jarden Australia Carlos Cacho joins us to weigh in on the current state of the national economy. Despite these difficult circumstances, is there a light at the end of this tunnel? 

    We discuss what’s going on in the property market, consumer behavior and why spending is unaffected by low consumer confidence, labour shortages in Australia, and how inflation can lead us to a potentially worse economic outcome. 

    If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

    See you in the episode!

     

    Episode Highlights:


    The global shift around goods versus services: [02:21]
    Why is Australia more affected by rising interest rates [05:38]
    Does consumer confidence impact spending? [09:18]
    Should Australians worry about inflation? [11:34]
    Looming recession amid rising unemployment and wage hikes [14:34]
    Labour shortages in Australia [18:08]
    The current pressures on the rental market [22:00]
    Where the national economy is heading to [27:24]
    The state of the property market [35:44]
    Changes to buyers’ borrowing capacity [47:00]
    Carlos’ Property Dumbo [54:52]

     

    About our Guest:

    Carlos Cacho is Chief Economist and Bank Analyst for Jarden in Australia. Prior to joining Jarden, Carlos spent three years as Australian Economist at UBS Australia, and previously five years at Colonial First State Global Asset Management.

    Carlos holds a Bachelor of Economics, as well as a First Class Honours in Economics from the University of New South Wales. 

     

    Links from the show:


    Australia’s Economic Recovery | Carlos Cacho, Jarden Group (https://www.theelephantintheroom.com.au/podcasts/177)

     

    Connect with Us:


    Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
    Work with Veronica: https://linktr.ee/veronicamorgan
    Looking for a Mortgage Broker? www.wealthful.com.au
    Work with Chris: hello@wealthful.com.au 
    Send in your questions to: questions@theelephantintheroom.com.au 

     

    Find this episode on our website:

    https://www.theelephantintheroom.com.au/podcasts/253

     

    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!
    See omnystudio.com/listener for privacy information.

    • 59 min
    Is Property Price Movement Data Reliable? | Kent Lardner, Suburb Help

    Is Property Price Movement Data Reliable? | Kent Lardner, Suburb Help

    We are ending October with another Suburb Help episode!

    This time, we’re talking about property price movement…is the data accurate?

    Joining us to discuss this breakthrough research is none other than our resident data geek, Kent Lardner. We talk about the various patterns that reveal which segments of the market are heavily affected in a slowdown.

    We also reveal areas that are undergoing major shifts and seeing big changes in supply, the metrics to identify better quality property investments, finding the right timing in a property boom, and more!

    If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

    See you in the episode!

     

    Episode Highlights:


    Five markets that have undergone major shifts [03:50]
    The impact of the surge in listings [07:46]
    Your competition depends on your borrowing capacity [12:13]
    What’s the quality of listings in today’s market? [15:03]
    Is there a shift in the mentality of property owners? [24:00]
    How Kent Lardner sees patterns in data   [27:21]
    Evergreen metrics: assessing supply issues [30:51]
    The art of finding great assets  [37:24]
    Timing the market in a property boom [47:09]
    Borrowing capacity and FOMO as big drivers [55:51]

     

    About our Guest:

    Kent Lardner is a data science and business leader with over 30 years experience working for companies such as JLL, CoreLogic and General Electric. He has a passion for digital high growth businesses and has led teams of 5 to 200 people in both Australia and China.

     

    Links from the show:


    Suburb Help (www.suburbhelp.com)

     

    Connect with Us:


    Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
    Work with Veronica: https://linktr.ee/veronicamorgan
    Looking for a Mortgage Broker? www.wealthful.com.au
    Work with Chris: hello@wealthful.com.au 
    Send in your questions to: questions@theelephantintheroom.com.au

     

    Find this episode on our website:

    https://www.theelephantintheroom.com.au/podcasts/252

     

    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!
    See omnystudio.com/listener for privacy information.

    • 59 min
    Is Your Home Underinsured?: Australia's Worsening Underinsurance Problem | Marty Sadlier, MCG Quantity Surveyors

    Is Your Home Underinsured?: Australia's Worsening Underinsurance Problem | Marty Sadlier, MCG Quantity Surveyors

    With Australia being prone to natural disasters, you’d think that most homeowners would be more proactive in building disaster resilience.

    Unfortunately, according to a Climate Council report, the country is facing an ‘insurability’ crisis with one in 25 homes on track to be uninsurable by 2030. 83% of Australian properties are also underinsured. 

    …And inflation and the rising costs of building and insurance aren’t making things any easier for property owners.

    Marty Sadlier, director of MCG Quantity Surveyors, joins us today to talk about Australia’s underinsurance problem–what are the factors that are worsening the situation and what is your responsibility as a property owner?

    If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

    See you in the episode!

     

    Episode Highlights:


    Environmental factors that affect property insurance [02:09]
    How much should you insure your property for? [11:13]
    Ways you can be underinsured [15:01]
    A solution to Australia’s widespread underinsurance issue [23:36]
    Rising cost of building infrastructure [30:51]
    Problems in the building industry [37:38]
    Buyer’s borrowing capacity and responsible lending [41:16]
    Australians’ short-term memory [44:10]
    The real cost of mandatory inspections [45:52]
    The responsibility of the property owner [53:57]
    What are the things that people don’t realize are not covered by insurance? [56:56]
    Marty’s Property Dumbo [01:00:22]

     

    About our Guest:

    Marty Sadlier has over 20 years experience in the building and construction industry, commencing his career as a shop fitter/carpenter. He is a RICS certified expert witness, a Certified Quantity Surveyor (CQS) and sits on the interviewing panel for Australian Institute of Quantity Surveyors (AIQS).

     

    Links from the show:


    Episode 164 | Australia’s underinsurance epidemic: 83% underinsured!?(https://www.theelephantintheroom.com.au/podcasts/164)

     

    Connect with Us:


    Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
    Work with Veronica: https://linktr.ee/veronicamorgan
    Looking for a Mortgage Broker? www.wealthful.com.au
    Work with Chris: hello@wealthful.com.au 
    Send in your questions to: questions@theelephantintheroom.com.au 

     

    Find this episode on our website:

    https://www.theelephantintheroom.com.au/podcasts/251

     

    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!
    See omnystudio.com/listener for privacy information.

    • 1 hr 6 min
    What Strata Buyers Wish They Knew Before Buying a Unit | Amanda Farmer, Your Strata Property

    What Strata Buyers Wish They Knew Before Buying a Unit | Amanda Farmer, Your Strata Property

    It is no surprise that the apartment lifestyle is gaining more popularity among many Australians nowadays.

    Amid the housing affordability crisis, a strata title property poses as a more convenient and affordable alternative to home ownership and property investment.

    The catch?  Prospective buyers often have no idea of the information they need prior to purchasing.

    Amanda Farmer, strata lawyer and the host of Your Strata Property podcast, joins us today to talk about what property buyers should expect from buying into a strata complex, from villa units to townhouses. 

    We discuss everything strata owners wish they knew prior to their purchase–the rules in a strata complex, building repairs and maintenance, the strata committee and their functions, and more!

    If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au!

    See you in the episode!

     

    Episode Highlights:


    The number of owner occupiers and tenants in a strata complex [02:10]
    Repairs and maintenance of the common property [08:33]
    Rules strata owners need to comply with [14:43]
    The two stages in the conveyancing process [22:50]
    Strata committee: who are they and what power do they have? [26:17]
    The affordability of apartment living [31:25]
    What strata owners wish they knew before purchasing [35:21]
    The new New South Wales builder rating system  [34:45]
    Checking your unit entitlement [45:28]
    Sustainability infrastructure in apartments [48:25]

     

    About our Guest:

    Amanda Farmer is a strata lawyer and the host of Your Strata Property. As a Fellow and Council Member of the Australian College of Strata Lawyers, Amanda advises and represents owners, buildings, developers, strata management companies and local councils.

     

    Links from the show:


    Your Strata Property (https://yourstrataproperty.com.au/)
    Your Strata Property Podcast (https://apple.co/3elgPpo) 
    Episode 25 | What hidden dangers can lurk in brand new apartments?  (https://www.theelephantintheroom.com.au/podcasts/025)
    Episode 103 | Strata owners - rights & obligations (https://www.theelephantintheroom.com.au/podcasts/103)
    Episode 151 | The Supreme Court’s pet showdown on strata property by-laws (https://www.theelephantintheroom.com.au/podcasts/151)

     

    Connect with Us:


    Looking for a Sydney Buyers Agent? www.gooddeeds.com.au
    Work with Veronica: https://linktr.ee/veronicamorgan
    Looking for a Mortgage Broker? www.wealthful.com.au
    Work with Chris: hello@wealthful.com.au 
    Send in your questions to: questions@theelephantintheroom.com.au 

     

    Find this episode on our website:

    https://www.theelephantintheroom.com.au/podcasts/250

     

    If you’ve enjoyed this episode, don’t forget to like, share, rate and subscribe for more!
    See omnystudio.com/listener for privacy information.

    • 56 min

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